THE MONEY GUIDE / YOUR FOUNDATION

Survive.
Stabilize.
Grow.

The goal is not merely to buy investments. The goal is to build a life that allows you to hold them for decades. These three stages are that life, in order. You can learn about investing at any stage; the stage decides where the next dollar goes.

Stage 1

Survive: make the month work

Know what comes in, what must go out, and what each paycheck needs to do. Nothing else works until this does.

Stage 2

Stabilize: create breathing room

A starter cushion and a plan for expensive debt, so an ordinary surprise cannot erase your progress.

Stage 3

Grow: buy future choices

Simple, diversified funds, contributed to on a schedule, held through whatever the market does.